Latest News | Affordable Housing Co SMFG Grihashakti Secures Rs 300 Cr from NHB

Mumbai, Jan 23 (PTI) Affordable housing finance company SMFG Grihashakti on Tuesday said it has secured Rs 300 crore funding from the National Housing Bank (NHB).

This is the company's maiden long-term loan from the NHB and it opens up an additional avenue for long-term, low-cost funding, it said, adding that the money will help it expand its financing solutions to the underserved population, SMFG Grihashakti Chief Executive Deepak Patkar said.

Also Read | GUJCET Exam 2024: Registration Date for Gujarat Common Entrance Test Examination Extended Till January 31, Apply Online at gsebeservice.com.

As of December 2023, it had Assets Under Management (AUM) of Rs 8,028 crore, which grew 37 per cent year-on-year.

SMFG Grihashakti provides home loans, loan for home improvements, home construction and extension, loan against properties, and for purchasing of commercial properties, apart from project construction financing.

Also Read | Explainer on Union Budget of India: Everything You’ve Ever Wanted To Know About an Interim Budget.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)